The next decade in the City: Toil, trouble and tech takeovers

Brexit declines, bank M&A, new leaders and much more in the forecast for the next 10 years

Lucie Millet / EyeEm / Getty Images

By

Mark Kleinman

September 3, 2018 Updated: September 4, 2018 9:09 a.m. GMT

There's fierce competition for the biggest lesson of the 2008 banking crisis: the folly of trusting rating agencies or critical global benchmarks? The need for banks to operate with massively enhanced levels of capital and liquidity? Or the inherently corrupting conflict of allowing short-term results to dictate windfall bonuses for executives? Take your pick; but with many of those lessons having barely been absorbed by regulators and industry alike, it might not be surprising that this list of forecasts appears excessively pessimistic. I hope history proves me wrong.